423 Park Ave Seattle, WA 98057
Property Features for 423 Park Ave
General Information
- Lot size
- 0.22 Acres
Building Details
- Year built
- 1940
Source:
Corcoran
Listing Agent: Jeremiah Anderson
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Mixed-Use Land with Income Potential
This property offers an investor alert with a current cash flow of $37,475 per year from a billboard lease. Zoned for Mixed-Use, Retail, Residential, Multi-Family, Commercial, or Industrial, it presents numerous opportunities. A Phase 1 environmental study is complete, and a Phase 2 bid is available. The property includes a house that could be converted into an office with paved parking, benefiting from easy alleyway access. Building up to 75 feet is possible, potentially accommodating six row homes or three-story townhouses with rooftop decks and possible views of Lake WA. Alternatively, the house could be renovated into a duplex with a separate entrance for the lower unit, potentially generating around $4k a month in rental income, or remodeled for resale. The property offers huge potential for various development ideas.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Cesar´s Quality Painting
Painting
Location Insight
- Map
- Local Demand
- City
- Seattle
- County
- King
- State
- Washington
- Longitude
- -122.2025277
- Latitude
- 47.4891804
Nearby Similar for Sale
FAQs
What type of property is this?
Commercial land - Land with existing income and mixed-use zoning in Renton, WA.
Where is this commercial land located?
The property is located at 423 Park Ave Seattle, WA.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: - Significant annual cash flow of $37,475 from existing tenant and billboard lease.; - Mixed-Use zoning allows for a wide range of development options (Retail, Residential, Multi-Family, Commercial, or Industrial).; - Potential to build up to 75 feet.